Reinis Fischer
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Week 50 / How I Generated $171 Options Premium This Week (And Grew My Portfolio to +7.69% YTD)

As of March 20, 2026, our covered-call stock portfolio has increased slightly by +0.62% and closed at $11,210. For most of the week, we didn’t make any trades or adjustments. On Friday, after previous spreads expired worthless, we opened two new credit spreads on NVDA and BMY.Additionally, we bought 0.1 shares of MCD. If you’ve been following our portfolio, you’ll know this is something we do occasionally—typically when visiting a McDonald’…

How to Adjust an In-the-Money Covered Call on Ethereum (Rolling & Laddering Strategy)

Options trading

In this article I will share how we adjusted an in-the-money covered call on Ethereum, using a rolling and laddering technique that allows us to keep our ETH while continuing to collect option premium.This approach was used in our Ethereum strategy run by Terramatris crypto hedge fund, where the goal is both short-term premium income, and  long-term ETH exposure combined with systematic options selling.Many traders sell covered calls and…

Advanced Options Strategy: Building a Double Diagonal on Ethereum

Options trading

The other day I spent about an hour on Google Meet with a long-time acquaintance, Jon. We exchanged ideas around options trading. Jon walked me through his preferred structure - the Double Diagonal.I’m primarily a put seller and covered call trader. That’s my core. But I keep my eyes and ears open. When something makes conceptual sense, I test it - small size, controlled risk, real market conditions.So I decided to run a small experiment inside…

Week 49 / Markets Shake, Premium Flows: NVDA Credit Spreads During the Iran War

As of March 13, 2026, our covered-call stock portfolio has decreased slightly by -0.63% and closed at $11,141. This is already the second week in a row that our portfolio value has decreased. However, the decline is largely explained by currency movements. Since the portfolio’s base currency is EUR, the drop should primarily be attributed to the USD/EUR exchange rate. The greenback strengthened against the euro and traded around 1.14.Rising…

Tail Risk in Crypto: How a “Safe” 1 DTE Bitcoin Put Nearly Went Wrong

Crypto

At the start of February, I capitulated. Ethereum had pushed our structure into a place I didn’t like. Too many moving parts. Too much sensitivity to short-term price swings. Too much reliance on margin. I made a decision to reset the strategy almost from scratch.The new approach was simple: focus on spot ETH. Keep it clean. If I use margin, use it deliberately. The target was clear - reduce margin to zero over time while keeping the spot…

Ethereum Covered Call: Turning 1 ETH Into 3.4% Yield in 6 Days

Crypto

On March 7, 2026, I opened a short-duration buy-write covered call position on Ethereum. The trade was structured primarily for premium collection, not for capital appreciation.I bought 1 ETH at $1,982 and simultaneously sold a March 13 call option with a $1,975 strike, collecting $74 in premium. The option was slightly in the money, which helped increase the premium collected and lowered the effective risk of the position.The objective of this…

Week 48 / NVDA, PFE Put Roll Brings $99 Options Income

As of March 6, 2026, our covered-call stock portfolio has decreased slightly by -1.16% and closed at $11,211. As our portfolio’s base currency is EUR, the decrease should primarily be attributed to the USD/EUR exchange rate. The greenback strengthened against the euro and traded around 1.16.At the start of the week, I took a proactive stance and rolled down and forward the PFE put for a credit. The plan is to roll it further if needed. I…

I Won’t Sell Ethereum Before It Reaches $10,000

Crypto

Ethereum has been one of the most important investments in my crypto journey. I started accumulating ETH years ago, held it through multiple cycles, and even at some point I was holding about 12 ETH. Over time I sold portions at different prices.Today I hold 2 ETH, which I actively use in our Terramatris Ethereum strategy of trading covered calls on Ethereum. Despite trading around my position, I have a simple long-term rule:I will not let…

Magalaant Church Complex

Churches and Monasteries

I first discovered the Magalaant Church Complex a few years ago during one of our spontaneous road trips to Kavtiskhevi. No fixed plan, no strict itinerary - just a turn off the main road and the usual curiosity about what might be hiding on the hills above the valley. That’s often how the best places are found.Magalaant sits modestly on a hillside, overlooking the surrounding landscape with the calm confidence typical of old Georgian churches.…

Week 47 / NVDA Post-Earnings Pullback: Covered Call Roll Adds $560 in Potential Income

As of February 27, 2026, our covered-call stock portfolio has increased slightly by +0.27% and closed at $11,343. Last week was NVDA earnings week, and the stock moved the market more than expected.Earlier in the week, I decided to proactively roll our June $116 covered call up and out to a November $120 covered call. The main concern was assignment risk in case of a strong post-earnings rally. By rolling, we extended duration but improved…

How to make Adjarian Khachapuri at Home

Food blogger

Today we finally got it right — real Adjarian khachapuri at home. This was my second attempt. The first time I made the classic mistake: I thought regular cheese would work. It didn’t. The texture was wrong, the melt was wrong, and the flavor was flat. Lesson learned  - the cheese is not optional detail, it’s the core of the dish.This morning I went to Goodwill in Tbilisi and bought the two essentials:Imeretian cheeseSulguni cheeseThat…

Lemon Tree Premier, Malad Mumbai – Decent Stay, But Know What You’re Booking

Hotel reviews

At the start of 2026, we spent 2–3 nights at Lemon Tree Premier, Malad, Mumbai while returning from Goa to Tbilisi, with a stopover in Mumbai.We were looking for a practical option rather than a luxury experience. The price made the decision easy: we paid around $250 total, roughly half of what many central Mumbai hotels were charging for similar dates. There was a reason for that.The hotel is located in Malad, which is about an hour’s drive…

Week 46 / From PFE Roll to NVDA Earnings: Covered Call Portfolio Now at $11,312

As of February 20, 2026, our covered-call stock portfolio has increased by +2.20% and closed at $11,312. Growth remained intact, even after rolling PFE forward and down.For most of the week, my focus was on NVDA, but in the end I had to adjust PFE instead — rolling it forward and lower. That’s part of the process.NVDA earnings are still ahead next week, so there’s no certainty yet. That said, I’m about 85% confident we’re heading into a…

Leverage Is Not a Strategy: A Conversation About XRP, HBAR, XDC and Tail Risk

Crypto

Recently, an investor friend Rob reached out with a familiar question:“Can I add XDC and HBAR to my portfolio? Prices look cheap.”On the surface, this sounds reasonable. Markets were consolidating. Sentiment was mixed. Some high-utility tokens were trading far below prior highs. The temptation was obvious. But there was a catch. The portfolio already had an outstanding margin loan secured against XRP. That changes everything.The Idea: Use XRP as…

How TerraM Plans to Reach a $100,000 Fully Diluted Valuation

Crypto

TerraM token was launched with a simple structure: 10,000 tokens in existence and a disciplined, performance-driven capital strategy. Today, with the token trading at 1.85 USDC, the fully diluted valuation (FDV) stands at 18,500 USDCThat is far below the level we believe reflects the underlying fund structure and ongoing weekly buybacks.This article outlines the next phase: how we intend to move toward a 100,000 USDC FDV, and under what…

What Are the Main Challenges Running a Solana Covered Calls Growth Portfolio?

Crypto

Solana covered calls sound straightforward: hold SOL, sell calls, collect premium, compound. Back in September 2025 we launched Solana strategy at Terramatris crypto hedge fund, mostly focused on buy/write operationsMmost of the usual “covered call problems” are real: you cap upside in rips, you can get dragged into rolling, and in a drawdown you risk becoming a paid bagholder. But with proper risk management and discipline, those aren’t the…

Week 45 / Using Cash-Secured Puts to Accumulate Pfizer (PFE) Shares

As of February 13, 2026, our covered-call stock portfolio has decreased slightly by -0.33% and closed at $11,069. Since I couldn’t continue with weekly NVDA spread trades — having already rolled them out to the February 27 expiry — I focused elsewhere last week and reopened our PFE position.I consider Pfizer a core dividend holding, so I initiated a bull put credit spread and used the premium to purchase 0.5 shares, adding incrementally to…

Why I Added Pfizer (PFE) Back to My Portfolio

Stock Portfolio

Pfizer (PFE) is not a new name in my investing history. I was investing in PFE well before Covid, with fairly high expectations for the stock as a stable pharmaceutical blue-chip with strong cash flows and a reliable dividend profile. During the Covid years, Pfizer became a market favorite, but paradoxically that period also marked the beginning of my loss of interest in the stock.Once PFE was excluded from the Dow Jones Industrial Average, the…

Why Invest in MicroStrategy (MSTR) When You Can Buy Bitcoin Directly?

Crypto

Like everyone in crypto should have heard about MicroStrategy by now. It’s impossible to miss it — Michael Saylor, massive debt issuance, billions in Bitcoin on the balance sheet, and MSTR trading like a leveraged BTC ticker. But what has always personally puzzled me is simple: why bother investing in MSTR at all, when you can just buy Bitcoin directly?If the core thesis is that Bitcoin goes up over time, then spot BTC feels like the cleanest…

A Poor Man’s Buy/Write With XRP (Yes, It Exists)

Crypto

On February 6, I opened a tiny XRP trade. Not because it will move markets. Not because it will fund early retirement. But because it’s a clean, honest example of how a buy/write strategy can work even in crypto.Think of this as poor man’s crypto hedge fund experimentation: low stakes, existing collateral, mostly for fun  but with real mechanics and real money.On February 6, I bought 66 XRP at $1.51 and immediately sold 66 call options with…

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I share ongoing portfolio progress with a focus on generating income through covered calls on quality stocks. Each update includes positioning changes, trade rationale, and forward-looking adjustments based on current market conditions.

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